Microsoft Q1 2018 Earnings Release: Revenue exceeds market expectations, handily

Microsoft has released the following results for the quarter ended September 30, 2017:

• Revenue was $24.5 billion and increased 12%
• Operating income was $7.7 billion and increased 15%
• Net income was $6.6 billion and increased 16%
• Diluted earnings per share was $0.84 and increased 17%

For the fourth consecutive quarter, CEO Satya Nadella credits commercial cloud.  "This quarter we exceeded $20 billion in commercial cloud ARR, outpacing the goal we set just over two years ago," he said in a press release.

The company also beat analyst expectations fairly handily, with:

• Adjusted earnings $0.84 versus $0.72 exp...

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